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Innovation via global route: Proposing a reference model for chances and challenges of global innovation processes

Author

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  • Tiwari, Rajnish
  • Buse, Stephan
  • Herstatt, Cornelius

Abstract

Innovations have acquired a key-role in the growth and competition strategies of firms today. They are regarded as an essential tool to stimulate growth and enable firms to master the competition brought about by the forces of globalization. In developed countries they are thought to provide a vital buffer against challenges from low-cost producers from emerging countries. At the same time, innovations in today's globalized world are hardly feasible in isolation. World-wide economic reforms and far-reaching technological advancements have brought to fore new economic powerhouses, such as China and India, which possess strong scientific capabilities. Products are marketed internationally which often necessitates adaptation to specific needs of targeted markets. All these developments are leading to the globalization of innovation. Based on recent empirical studies conducted by the authors in Germany, this paper presents results from research-in-progress and proposes a reference model for chances and challenges of global innovation activities.

Suggested Citation

  • Tiwari, Rajnish & Buse, Stephan & Herstatt, Cornelius, 2007. "Innovation via global route: Proposing a reference model for chances and challenges of global innovation processes," Working Papers 49, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.
    • Handle: RePEc:zbw:tuhtim:49
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    References listed on IDEAS

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    1. Spielkamp, Alfred & Rammer, Christian, 2006. "Balanceakt Innovation: Erfolgsfaktoren im Innovationsmanagement kleiner und mittlerer Unternehmen," ZEW Dokumentationen 06-04, ZEW - Leibniz Centre for European Economic Research.
    2. Sofka, Wolfgang, 2006. "Innovation Activities Abroad and the Effects of Liability of Foreignness: Where it Hurts," ZEW Discussion Papers 06-029, ZEW - Leibniz Centre for European Economic Research.
    3. Meyer, Thomas, 2006. "Offshoring to new shores: Nearshoring to Central and Eastern Europe," MPRA Paper 5785, University Library of Munich, Germany.
    4. Verworn, Birgit & Herstatt, Cornelius & Nagahira, Akio, 2006. "The impact of the fuzzy front end on new product development success in Japanese NPD projects," Working Papers 39, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.
    5. Dieter Ernst & Linsu Kim, 2001. "Global Productions Networks, Knowledge Diffusion, and Local Capability Formation. A Conceptual Framework," Economics Study Area Working Papers 19, East-West Center, Economics Study Area.
    6. Spyros Arvanitis & Heinz Hollenstein, 2006. "Determinants of Swiss firms' R&D activities at foreign locations," KOF Working papers 06-127, KOF Swiss Economic Institute, ETH Zurich.
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    Cited by:

    1. Magdalena Gorzelany-Dziadkowiec, 2021. "COVID-19: Business Innovation Challenges," Sustainability, MDPI, vol. 13(20), pages 1-21, October.
    2. VITKAUSKAITĖ Ieva, 2016. "Opportunities for Innovation Adoption in Art Galleries," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 02, June.
    3. Tiwari, Rajnish & Herstatt, Cornelius, 2012. "Open global innovation networks as enablers of frugal innovation: propositions based on evidence from India," Working Papers 72, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.
    4. Ujj Apolka & Bálint Csaba & Goda Pál & Jancsovszka Paulina & Mutua Kennedy, 2020. "Development of the Agricultural Innovation Brokerage Concept in Eastern European Countries, Based on a Hungarian Situation Analysis," European Countryside, Sciendo, vol. 12(1), pages 67-84, March.
    5. Tiwari, Rajnish & Herstatt, Cornelius, 2011. "Lead market factors for global innovation: Emerging evidence from India," Working Papers 61, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.
    6. Eram Abbasi & Imran Amin & Shama Siddiqui, 2022. "Towards developing innovation management framework (IMF) for ICT organizations at Pakistan," Journal of Innovation and Entrepreneurship, Springer, vol. 11(1), pages 1-23, December.
    7. Tiwari, Rajnish & Herstatt, Cornelius, 2012. "India - a lead market for frugal innovations? Extending the lead market theory to emerging economies," Working Papers 67, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.
    8. Tiwari, Rajnish & Herstatt, Cornelius, 2012. "Frugal innovations for the 'unserved' customer: An assessment of India's attractiveness as a lead Market for cost-effective products," Working Papers 69, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.
    9. Tiwari, Rajnish & Herstatt, Cornelius, 2009. "The emergence of Indian multinationals: An empirical study of motives, status-quo and trends of Indian investments in Germany," Working Papers 56, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.
    10. Tiwari, Rajnish & Buse, Stephan, 2007. "Barriers to innovation in SMEs: Can the internationalization of R&D mitigate their effects?," Working Papers 50, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.

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